Joseph's "Just My Thoughts"

Crisis overcoming and development both begin with “what I have,” not “what I have lost.” “What I have” consists of [everything I possess now, including what I lent to others] minus [what I’ve borrowed from others], [what I’ve inherited], [what I’ve received as gifts], and [what I’ve taken unlawfully]. [What I have] + [What I’ve inherited] + [What I’ve received as gifts] is referred to as [own assets] or [net assets], which includes [something I borrowed], and subtracting [something stolen] in my possession, it is called [asset]. To pay off the liabilities (debts), you must have [net assets] or possess [something I borrowed from others]. The only other way to do this is to repay with [something I stole]. The ultimate goal of any business activity is to acquire [assets]. - Joseph’s “just my thoughts”

Credit not only reduces costs and expenses, but it also boosts revenues; none of the economic resources compares to this. According to World Bank senior researchers Stephen Knack and Philip Keefer, a 10% increase in the confidence index would lead to an average annual economic growth rate increase of 0.8%. Individuals who lack trust and only seek financial gain are more likely to be ruined by money. While credit is an abstract concept, we must not forget that it remains one of the few valuable assets influencing our lives. - Joseph’s “just my thoughts”

Emotions are valuable. Depending on the timing and the emotions you express, you can overcome blocked negotiations and receive positive responses from your loved ones. However, if handled poorly, they can undermine positive outcomes. Thus, emotions are crucial assets. This is why it’s essential to always consider how your feelings impact others. - Joseph’s “just my thoughts”

Warren Buffett’s assets were once estimated at $82 billion. 90% of these assets have been earned by Warren Buffett since he turned 65. The way to make money over time without labor is through finance; it’s an interest. One of the most economically effective methods is ‘compounding.’ This involves deriving interest from the principal and then earning interest again on the total of the interest and principal, continually repeating this process, making compounding the most efficient money-making method discovered by humanity. The same applies to stock investments; to achieve this compounding effect, you need to earn at least a 4% annual return. However, this is only valid for long-term investments like those of Warren Buffett. - Joseph’s “just my thoughts”